Illustrative financial reports, Audit

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Illustrative financial reports

Best practice guides to financial reporting

Accounting standards regularly change. New and revised standards are issued frequently, each seemingly more complex than the last. Regulators and other stakeholders are increasing their scrutiny of financial reports. Our illustrative financial reports assist you to stay on top of these developments and understand how they affect your financial reporting.

Australian financial reporting guide

The Australian financial reporting guide provides a roadmap to financial reporting requirements and links to the various editions of the model financial reports.  It also includes a comprehensive summary of key changes in financial reporting.

Designed to ‘bring it all together’, the Guide helps you to understand reporting requirements, ensure compliance and develop your own reporting in line with best practice.

The Guide is updated on a regular basis and is designed to be used in conjunction with the model financial reports below.

June 2019 edition
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 30 June 2019. It includes the latest updates on new and revised Accounting Standards, Corporations Act 2001 amendments, guidance from the Australian Securities and Investments Commission (ASIC), general purpose financial statements for significant global entities to be lodged with the Australian Tax Office (ATO), and other matters impacting financial reporting. It also illustrates the transitional disclosures required on adoption of AASB 9 Financial Instruments,  AASB 15 Revenue from Contracts with Customers and AASB 16 Leases.

December 2018 edition
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 31 December 2018. It includes the latest updates on new and revised Accounting Standards, Corporations Act 2001 amendments, guidance from the Australian Securities and Investments Commission (ASIC), general purpose financial statements for significant global entities to be lodged with the Australian Tax Office (ATO), and other matters impacting financial reporting. It also illustrates the transitional disclosures required on adoption of AASB 9 Financial Instruments and AASB 15 Revenue from Contracts with Customers.

June 2018 edition
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 30 June 2018. It includes the latest updates on new and revised Accounting Standards, Corporations Act 2001 amendments, guidance from the Australian Securities and Investments Commission (ASIC), general purpose financial statements for significant global entities to be lodged with the Australian Tax Office (ATO), and other matters impacting financial reporting. It also illustrates the transitional disclosures required on adoption of AASB 9 Financial Instruments and AASB 15 Revenue from Contracts with Customers.

December 2017 edition
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 31 December 2017. It includes the latest updates on new and revised Accounting Standards, Corporations Act 2001 amendments, guidance from the Australian Securities and Investments Commission (ASIC), general purpose financial statements for significant global entities to be lodged with the Australian Tax Office (ATO), and other matters impacting financial reporting.

June 2017 edition
This edition of the Australian financial reporting guide summarises the key requirements for financial reports prepared for full and half year periods ending on 30 June 2017.  It includes the latest updates on new and revised Accounting Standards, Corporations Act 2001 amendments, guidance from the Australian Securities and Investments Commission (ASIC) and other matters impacting financial reporting.

Financial statements: December 2018

December 2018 model financial statements
These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2018. This version includes both Tier 1 and Tier 2 (Reduced Disclosure Requirements) reporting, with disclosures which can be omitted from Tier 2 reports being shaded.

December 2018 model half-year report
This model half-year report (in conjunction with the Australian financial reporting guide) assists users with the preparation of half-year reports for a listed public company (consolidated entity) in accordance with provisions of the Corporations Act 2001, Australian Accounting Standard AASB 134 Interim Financial Reporting, and other requirements and guidelines current as at the date of issue. This edition can also be used for half-year reporting at 30 June 2018.

December 2018 special purpose model financial statements
These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing special purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2018.

Financial Statements: June 2018

30 June 2018 Model Managed Investment Scheme Annual Report
These model financial statements contain complete illustrative disclosures to assist users with the preparation of annual financial reports for managed investment schemes in full compliance with Australian Accounting Standards as at 30 June 2018.

Financial statements: December 2017

December 2017 model financial statements
These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2017. This version includes both Tier 1 and Tier 2 (Reduced Disclosure Requirements) reporting, with disclosures which can be omitted from Tier 2 reports being shaded.

December 2017 model half-year report
This model half-year report (in conjunction with the Australian financial reporting guide) assists users with the preparation of half-year reports for a listed public company (consolidated entity) in accordance with provisions of the Corporations Act 2001, Australian Accounting Standard AASB 134 Interim Financial Reporting, and other requirements and guidelines current as at the date of issue.

December 2017 special purpose model financial statements
These model financial statements (in conjunction with the Australian financial reporting guide) contain complete illustrative disclosures for companies preparing special purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2017.

Financial statements: June 2017

30 June 2017 Model Managed Investment Scheme Annual Report
These model financial statements contain complete illustrative disclosures to assist users with the preparation of annual financial reports for managed investment schemes in full compliance with Australian Accounting Standards as at 30 June 2017.

June 2017 model financial report for superannuation funds - AASB 1056
These model financial statements contain complete illustrative disclosures to assist users with the preparation of annual financial reports for superannuation entities in full compliance with Australian Accounting Standards as at 30 June 2017.

Financial statements: December 2016

December 2016 model financial statements
These model financial statements contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2016. This edition is also used as the basis for general purpose financial statements at 30 June 2017 (in conjunction with the Australian financial reporting guide above).  This version includes both Tier 1 and Tier 2 (Reduced Disclosure Requirements) reporting, with disclosures which can be omitted from Tier 2 reports being shaded.

December 2016 special purpose model financial statements
These model financial statements contain complete illustrative disclosures for companies preparing special purpose financial statements in full compliance with Australian Accounting Standards as at 31 December 2016.

December 2016 model half-year report
This model half-year report assists users with the preparation of half-year reports for a listed public company (consolidated entity) in accordance with provisions of the Corporations Act 2001, Australian Accounting Standard AASB 134 Interim Financial Reporting, and other requirements and guidelines current as at the date of issue.

Financial statements: June 2016

June 2016 Reduced Disclosure Regime model financial statements 
These model financial statements contain complete illustrative disclosures for companies preparing RDR financial statements in full compliance with Australian Accounting Standards as at 30 June 2016.

June 2016 Special Purpose model financial statements 
These special purpose model financial statements contain complete illustrative disclosures for companies preparing special purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2016.


June 2016 model financial statements

Section ASection BSection C
These model financial statements contain complete illustrative disclosures for companies preparing general purpose financial statements in full compliance with Australian Accounting Standards as at 30 June 2016.

June 2016 Model Managed Investment Scheme Annual Report 
These model financial statements contain complete illustrative disclosures to assist users with the preparation of annual financial reports for managed investment schemes in full compliance with Australian Accounting Standards as at 30 June 2016.

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